
National Legal Manager
2 weeks ago
Review, enhance and implement legal policies and process related to mortgage loans alignedto the target segment of the company2. Review and improve all legal documents including but not limited to loan agreement, mortgagedeeds, sanction letter and other documents relating to mortgage loans3. Define and detail state, region (rural, semi-urban, urban) specific policy aspects to ensure wehave high levels of legal protection and compliance4.
Continue to be up-to-date on all the changes happening in the market including regulations,law relating to mortgage and bring in relevant changes for the organization5. Own and drive all the legal aspects of loan recovery process for the organization.6. Coordinate with external legal counsel as needed, ensuring that the company receives the rightlegal advice and representation7.
Handle legal disputes and litigation related to mortgage loans, including foreclosureproceedings8. Identify and mitigate legal risks associated with mortgage lending, including title issues,compliance with regulations, and potential litigation9. Provide training and development to other employees on legal matters related to mortgagelending10.
Travel to states across India to understand our business, practical challenges in legaldocumentation and processes and continuously improve our practices. Set up a framework ontraining employees on the legal framework for the mortgage business.11. Own, manage, and review all external legal partners relationships and their performance toensure we are compliant from legal and regulatory standpoint12.
Coordinate with external / empanelled legal counsels across States in connection withrepresentation of the Company in civil suits, court cases, arbitration, and regulatory matterswhen required.13. Conduct legal audits and ensure timely reporting of compliance issues.14.
Collaborate with credit, sales, operations, and recovery teams to provide legal support andensure smooth legal evaluation and loan disbursement15. Supervise and guide the legal team across different locations. Criteria:Bachelor's or Master's degree in Law (LLB/LLM) from a recognized university.
(LLM Preferred years of experience in corporate legal with direct experience in mortgage finance; 7+years as heading the legal function of a leading housing finance company / NBFC is a must.3. Knowledge and experience of operating in rural and small town areas across the country;Experience in KA, TN, MH, MP, AP, KL is a must4.
Ability to read and write at least 1/2 south Indian languages and Hindi will be preferred.5. Strong knowledge of mortgage laws, real estate, contract law, SARFAESI Act, IBC, RERA, andother relevant regulations.6. Hindi and other one regional language is mandatory
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